The key facts
- The UAE plans to additionally invest €15 billion (AED 61.7 billion) in Greece
- The announcement was made during the visit of Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed to Athens
- The new investment expands the joint initiative of May 2022 worth €4 billion
An additional €15 billion under the joint initiative
The UAE announced plans to invest an additional €15 billion (AED 61.7 billion) in Greece under the joint initiative of the two countries. The announcement was made on Thursday on the sidelines of the official visit of Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed to the European country, the Abu Dhabi Media Office reported.
Expansion of the 2022 initiative
The new plan builds on the joint investment initiative launched in May 2022 with a volume of €4 billion. According to the Media Office, the initiative has become an important foundation for developing and implementing strategic investments in sectors of mutual interest and has led to the completion of significant deals in strategic industries such as energy and healthcare.
Meeting with Mitsotakis
On Thursday, Sheikh Khaled held a meeting with Greek Prime Minister Kyriakos Mitsotakis at the Prime Minister's office. They discussed efforts to strengthen cooperation in a number of key sectors, including energy, infrastructure, healthcare and advanced technologies. The parties also discussed regional and international events, emphasizing the importance of strengthening security, peace and stability.
Assessments and context
The Abu Dhabi Media Office stated that the investment reflects mutual trust between the UAE and Greece and opens up opportunities in vital and future-oriented sectors, supporting sustainable economic growth and the competitiveness of both economies. According to the Media Office, the announcement reflects the UAE's confidence in Greece's economic and investment strength, its strategic location and its role in connecting European markets with regional and international ones. Sheikh Khaled was met at Athens airport by Greek Foreign Minister Georgios Gerapetritis, the state agency Wam reported.
